Dec 18, 2012. /Lesprom Network/. Canfor Corporation will proceed with capital investments totaling an estimated $40 million in its Elko sawmill, located in the Kootenay region of British Columbia (B.C.), Canada, as the company said in the press release received by Lesprom Network. The Elko investment will include upgrades to the sawmill, increased kiln drying capacity as well as the construction of a greenfield planer mill complex. The Elko capital project will commence in 1Q 2013, with anticipated completion in 3Q 2013. "These investments are aligned with our strategic investments in our Kootenay assets, and are necessary to ensure our Elko facility can operate competitively in all market conditions," said Don Kayne, President and CEO of Canfor Corporation. Canfor is the largest forest company in British Columbia. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Products Inc., which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper.